Wednesday, 2 January 2019

Bajaj Auto December volumes miss estimate on weak CV numbers

Bajaj Auto Limited (BJAUT) reported slightly weak set of volume numbers in December 2018. It sold a total of 3,46,199 vehicles in December 2018 against 2,92,547 vehicles in December 2017 and 4,06,930 vehicles in November 2018, implying growth of 18% yoy and decline of 15% mom. The reported volume numbers missed BloombergQuint poll estimate of 3,60,000 vehicles.



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